Conflux Network Weekly Update | June 18-July 8
LEAD Wallet partners with Conflux; Ecosystem Grants Program process and new updates; June monthly progress report highlights.
👋 Welcome to the Conflux Newsletter!
This newsletter serves a regular dose of updates about our latest features, upcoming events, and announcements from our rapidly expanding global community!
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Latest From Conflux
LEAD Wallet Partners With Conflux
LEAD wallet, a multi-chain non-custodial cryptocurrency wallet, will integrate Conflux network into its mainnet application. LEAD Wallet chose to integrate with Conflux based on the efficiency and speed the Network will bring to its users.
Ecosystem Grants Program 2.0— Process Updates and More
The Conflux Ecosystem Grants Program offers over 2.4 billion in CFX to our community to build on Conflux Network. Our goal is to drive innovation and development as we build out the Conflux ecosystem. Originally launched in July 2020, the Program will now be open to the community and community driven, with a focus on transparency & community as a pathway to decentralization.
Check out some of the Program updates, along with our new application and review process.
Monthly Progress Report — June 2021
Our monthly progress report is out! Some highlights from the month of June include:
⭐️ Supporting bCFX and started bCFX liquidity mining campaign.
⭐️ Launched weekly online courses alongside our grant recipient Reach.
⭐️ Our Co-Founder Fan Long spoke at REIMAGINE 2021 Game of Chains conference.
⭐️ We’re growing! We welcomed our Conflux Indonesia community to Twitter.
⭐️ Our first Global Grants Committee has been formed. The committee consists of members from the Conflux team (members from our teams in China, Canada, and USA), our Chinese Technical Oversight Committee (TOC) and Ambassadors from our English speaking community.
⭐️ Conflux was honored to host a summit on blockchain at the Pujiang Innovation Forum on June 2–3, 2021.
⭐️ The second phase of a blockchain entrepreneurship camp for university students of Conflux’s Beidou Program was launched both online and offline this month.
China’s digital yuan expands to 10 million eligible users
China has made 10 million people eligible to participate in its expanding digital yuan trial as it continues to lead global central banks in developing a virtual currency, according to a central bank official. For now, people interested in using the digital yuan can apply to join “white lists” at state-owned banks that distribute digital yuan. There are now 10 million users of such white lists, Fan Yifei, deputy governor of the People’s Bank of China, said at a press briefing Thursday. Source
Tetra Trust to become Canada’s first regulated custodian for crypto assets
Tetra Trust said it became Canada’s first regulated custodian for cryptocurrency assets after being registered by the Alberta government. The company – which was founded in 2019 and is backed by Coinsquare said it has conducted multiple financing rounds, raising funds from investors including Coinbase Ventures, Coinsquare, the Canadian Securities Exchange, Mogo, Urbana and Caldwell Growth Opportunities Fund among others. Source
Crypto assets are creating the foundation for a new digital economy
Former Goldman Sachs executive Raoul Pal said that a “promised land” is being created through crypto assets and digital finance. Speaking in a new podcast interview with Natalie Brunell, Pal said that crypto assets were creating the foundation for a new digital economy. Pal said “the new digital architecture of the world” was being built , causing people to migrate to a new “parallel financial system” at an “unbelievable speed.” Source
The first half of 2021 saw NFT sales volumes reach $2.5 billion
The non-fungible token (NFT) market reached sales volumes of $2.5 billion in the first half of 2021, according to a Reuters report citing data from crypto analytics platform DappRadar. This time last year, sales of NFTs stood at just $13.7 million. But in the first quarter of 2021, interest in the digital assets exploded as they burst onto the art world, with one NFT selling for a record-breaking $69 million at the height of the craze in February. Some predicted a bubble about to burst. Source
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